Jean-Louis Gassée on why AT&T's proposed purchase of T-Mobile is such a bad thing for consumers, but why there's no chance it will be blocked. Agreed!
The regulatory review will unfold as an elaborate Kabuki script that will culminate in a pre-ordained approval. There will be congressional hearings, protests, and much handwringing but, in the end, we’ll hear sonorous but toothless concessions. AT&T is a company with deep knowledge of legislative and regulatory processes. In plain English: They know how to buy votes. Surely, they didn’t propose the acquisition without assurances it would go through, albeit at a (small) price, such as shedding assets or assuming new compliance obligations.
-Monday Note, April 17, 2011